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Which of the following describe the Salaries payable account? (Check all that apply) a)It is reported on the balance sheet. b)It is increased with a debit. c)It reports amounts owed to employees. d)It is a liability account. e)It is increased with a credit f)It is reported on the income statement.
Which of the following describe the Salaries payable account? (Check all that apply) a)It is reported on the balance sheet. b)It is increased with a debit. c)It reports amounts owed to employees. d)It is a liability account. e)It is increased with a credit f)It is reported on the income statement.
TheSalaries payableaccount is aliabilityaccount that reports the amounts owed toemployees. It is increased with a credit, as thecompanyowes more money toemployees.The account is reported on the balancesheet, as it is a part of the company'sliabilities. It is not reported on the incomestatement, as it is not a part of thecompany'srevenues or expenses.Therefore, the correct options area) It is reported on the balance sheet,c) It reports amounts owed to employees,d) It is a liability account, ande) It is increased with a credit.The account is notincreasedwith a debit, so optionb) is incorrect. And it is not reported on the incomestatement, so optionf) is also incorrect.To know more aboutSalaries payable.please visit.....brainly.com/question/30425585#SPJ11...